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Congress extends US borrowing authority until 2015

“The President talks with House Speaker John Boehner after the President participated in a Q&A with the House Republican Conference at the U.S. Capitol.”(Official White House Photo by Pete Souza)

WASHINGTON (AFP) – Lawmakers approved a 13-month extension of US borrowing authority with no string attached Wednesday, shelving a fractious political debate over the nation’s debt ceiling until after November’s mid-term elections.

Following the House of Representatives’ lead from a day earlier, the Senate passed the legislation 55-43, marking a dramatic victory for President Barack Obama who had demanded a debt ceiling hike with no political riders or other legislation attached. The measure now goes to the White House for his signature.